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Certificate Programs

Advocacy

When we see legislative developments affecting the accounting profession, we speak up with a collective voice and advocate on your behalf. Our advocacy partners are state CPA societies and other professional organizations, as we inform and educate federal, state and local policymakers regarding key issues.

Partnership Audit and Adjustment Rules

September 13, 2017
Modified: October 17, 2018

As result of the Bipartisan Budget Act (BBA) of 2015, Congress enhanced the IRS’s ability to audit partnerships. The changes are expected to dramatically increase the audit rates for partnerships and will require partners to review and possibly revise their operating agreements. The new rules generally apply to partnership returns filed after 2018 and careful planning will help mitigate any unfavorable consequences resulting from these changes. This page provides information that will assist CPAs in helping their clients with these new rules.

Join the Tax Section today to gain access to these resources along with other benefits.

Advanced Taxation Partnerships and LLCs: Learn about planning opportunities for partnerships as well as issues the members and partners face if they do not have a solid plan to minimize their exposure (9 CPE credits).

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